Adoption Tax Credit Calculator
Adoption Tax Credit
Calculate the federal adoption tax credit based on qualified adoption expenses and income limits
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Formula
Credit = Min(Qualified Expenses, $16,810) x Phase-out Factor based on MAGI; Foster Care = Full $16,810
Frequently Asked Questions
What is the maximum adoption tax credit?
The maximum adoption tax credit is $16,810 per child for 2024. For special needs adoptions from foster care, the full credit amount is available regardless of actual expenses incurred.
Is the adoption tax credit refundable?
The adoption tax credit is not refundable, meaning it can only reduce your tax liability to zero. However, unused credit can be carried forward for up to five additional tax years.